Call Pay: An Unlikely Path to Financial Stability

AdobeStock_170452670 [Converted]

The traditional approach to call pay allows the expense to become an unpredictable liability. Since the passage of EMTALA, there has been a steady increase in physician demands for call compensation. Hospitals often feel they have no choice but to give in to these demands given their need to fulfill EMTALA requirements and maintain service lines. 

 

Physician shortage exasperates the issue

 

The physician shortage also plays a role in the rising cost of call pay. As hospitals compete with one another for physician talent, call pay, like all other types of hospital compensation, is being used as a tool in recruitment. As a result, it is now one of the fastest-growing expenses for hospitals.  

 

Improving sustainability

 

But it doesn’t have to be. We designed our Call Pay Solution with sustainability in mind. With funding vehicles in place, our program allows hospitals to recoup a portion of their call pay expenditures. It also ensures that all call pay arrangements are determined through a fair and standardized process. The entire medical staff is made aware of this process, and they understand that every specialty group’s burden has been taken into consideration. This lowers agitation and decreases demands for rates that go beyond what is fair and tenable for the hospital.

 

Sustainability leads to budget predictability

 

These features ensure that a hospital’s call pay budget will be predictable year after year. Budget predictability can be a powerful asset. In our latest case study, Peter Baker of Loma Linda University Medical Center—Murrieta shared that the financial stability our Call Pay Solution provided at his hospital has enabled his leadership team to plan for his hospital’s future in a more meaningful way. 

 

At MaxWorth, it means a lot to us to be able to positively impact the future of our hospitals. We believe it’s important to help our clients find stability in an unstable industry so that they will be able to protect the continuity of care in America for generations to come. 

REQUEST OUR WHITE PAPER:

Complete the form below and receive a copy of our latest white paper, Call Pay Solution: Stabilizing call budgets with a fair and sustainable approach

Something went wrong. Please check your entries and try again.

Want to Learn More?

Physician retention hinges on communication

Physician retention hinges on communication The rise in hospital employment, combined with physician shortages, has made physician recruitment more competitive than ever for hospitals. Many are struggling to find ways to distinguish themselves in a crowded and heavily regulated market.    Given the amount of resources going toward recruitment, it…

Struggling healthcare organizations need sustainable solutions

Struggling healthcare organizations need sustainable solutions The economic impact of the pandemic has been hardest on hospitals in rural and underserved communities, many of which were already struggling to remain viable due to pre-pandemic financial strain.     Mercy Hospital, the oldest in Chicago, announced this week that it has…

A practice transition strategy that safeguards autonomy

A practice transition strategy that safeguards autonomy The prevalence of mergers and acquisitions in the healthcare community is showing no signs of waning. The 2020 Kauffman Hall M&A report stressed the remarkable nature of the fact that M&A activity remained “within historic range” during the pandemic when healthcare organizations were…

The Anonymous Physician on Employment

The Anonymous Physician:  Employment verses private practice To create a safe platform for physicians to discuss pressing issues in healthcare, we’re launching an Anonymous Physician column. From time to time, we’ll pose a question to a doctor, or a group of doctors, and post their answers anonymously, giving them the…